Comments on: The Truth About America’s National Debt 2010

By: Matt

Matt — Fri, 16 Mar 2012 21:36:21 +0000

For every 1000$ you have in the bank, they will loan 100,000$ over time and collect interest on it. That’s how money is created. The national debt is the size of the economy. We want to economy to grow and only through debt it grows.

They don’t want us to copy music and movies but they have been copying our money for hundred of years without us saying a word about it. How many friends can borrow your car at a single time? You’d guess 1 friend per car as you don’t know how to clone your car, uh? Well, they clone our money like people P2P songs.

Without this system, we would have need to find gold metals and create products for every paper money to be printed. The economy could not have boomed and some 0.001% could not have made trillion in the last 40 years on our hard work.

income tax on labour work is mostly to pay interest to bank, making sure they are getting richer and economy is “healthy”, ahem … wealthy.

The entire system will have to change or we will crash, unless we forgot about all of our debt. Keep our house and cars and we all stop paying the loan we have. But then that’s unfair to those who paid their loan or paid attention not to have any? Well what is fair? People, you have to think about it and to talk about it. It’s your life and your children life.

I say, we all take our money out of the bank and stop paying our loan on the same day.

By: Matt

Matt — Fri, 16 Mar 2012 21:35:41 +0000

found the exact same video in English

http://www.youtube.com/watch?v=Zx0vrR2BFp8

By: Jake

Jake — Wed, 19 Oct 2011 23:48:14 +0000

Who do I write the check out too? Honestly what entity does America owe 13 trillion dollars to? What would they do if we said “screw you I’m not paying”. I DID IT WITH MY CREDIT CARDS. The first mistake was making currency out of paper, and then just numbers on a computer screen. Currency must be backed by a standard that is rare, valuable, and necessary. If that was the case there wouldn’t be billionaires like Mark Zuckerburg. Necessities or ipods you chose!

By: Jim

Jim — Tue, 01 Mar 2011 22:41:00 +0000

These debts will have to be paid from somewhere.

By: Danno

Danno — Tue, 08 Feb 2011 00:31:05 +0000

There is really only one thing that they can do – discontinue the US dollar as currency. Its collapse is virtually certain.

Gee, thanks, Mister Keynes. You were right, of course; in the long run, you and FDR are dead, and won’t need to deal with your legacy. This is the Ghost of Christmas past, with a vengeance.

Mohan – holders of T-bills will need to be paid, and the interest rate fluctuates, so it’s hard to put solid numbers on it. If we can keep the interest rate down below two digits, I’ll be amazed.

By: Mohan

Mohan — Thu, 29 Jul 2010 14:49:22 +0000

You have not given the interest rate for payment of debt? To whom will this debt be paid?